Distinguish between a hazard and a risk. As a risk manager, would you manage a hazard differently
Question:
Distinguish between a hazard and a risk. As a risk manager, would you manage a hazard differently than a risk? Explain why or why not. Should certain risk issues have a higher priority than others?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (4 reviews)
Hazard vs Risk Hazard A hazard refers to any source of potential damage harm or adverse health effects on something or someone Hazards can be natural such as earthquakes or floods or humanmade such as ...View the full answer
Answered By
Benish Ahmad
I'm a professional software engineer. I'm lectutrer at GCUF and I have 3 years of teaching experience. I'm looking forward to getting mostly computer science work including:
Programming fundamentals
Object oriented programming
Data structures
object oriented design and analysis
Database system
Computer networks
Discrete mathematics
Web application
I am expert in different computer languages such as C++, java, JavaScript, Sql, CSS, Python and C#. I'm also have excellent knowledge of essay writing and research. I have worked in other Freelancing website such as Fiverr and Upwork. Now I have finally decided to join the SolutionInn platform to continue with my explicit work of helping dear clients and students to achieve their academic dreams. I deliver plagiarism free work and exceptional projects on time. I am capable of working under high pressure.
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Megaproject Management Lessons On Risk And Project Management From The Big Dig
ISBN: 9781118115473
1st Edition
Authors: Virginia A. Greiman
Question Posted:
Students also viewed these Business questions
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Research various global financial services organizations (for example, UBS AG, E-Trade, Schwab, ING, Bank of America, HSBC, RBS) through their company websites and other publicly available...
-
Assume that global lightning on the Earth constitutes a constant current of 1.00 kA between the ground and an atmospheric layer at potential 260 kV. (a) Find the power of terrestrial lightning. (b)...
-
a. Create a network flow model for this problem. (Consider inserting intermediate nodes in your network to assist in meeting the minimum monthly purchase restrictions for each supplier and the...
-
The pension disclosure for Zarle, prepared under U.S. GAAP is as follows. ZARLE COMPANY NOTES TO THE FINANCIAL STATEMENTS Note D. The company has a pension plan covering substantially all of its...
-
Eccentric Electric Ltd operates three selling departments mountain bike, road bike, and hybrid. Certain indirect expenses are allocated to the selling departments as follows. Required Prepare a...
-
The trial balance of Runway Fashion Center contained the accounts on the next page at November 30, the end of the company??s fiscal year. Adjustment data:1. Store supplies on hand total $3,100.2....
-
Berset Inc. (BI) has just issued semi-annual coupon bonds with 12 years to maturity and a face value of $1,000 per bond. The bonds make semi-annual coupon payments of $60. What is the price of one...
-
How would you identify risk opportunities on a project?
-
How would you prioritize actions in a risk assessment? Would you look at: Impact of the risk? Probability of the risk? Public concerns? Perceptions of risk? Stakeholder expectations? Other concerns?
-
Compute the limits that exist, given that (a) (b) (c) (d) lim f(x) x 0 = 1 2 and lim g(x) x-0 = 1 2
-
On 1 July 2023, Bronzed Aussie Ltd sells a caravan to Cairns Ltd. The caravan has a normal sales price of $19 019. Rather than selling the item for its normal sales price, Bronzed Aussie Ltd sells...
-
The following adjusted trial balance for Bell Servicing was prepared at the end of the fiscal year, December 3 1 , 2 0 2 3 : Account Debit Credit 1 0 1 Cash $ 8 , 6 0 0 1 1 9 Merchandise inventory 1...
-
Mason Company provided the following data for this year: Sales $ 6 5 5 , 0 0 0 Direct labor cost $ 8 4 , 0 0 0 Raw material purchases $ 1 3 1 , 0 0 0 Selling expenses $ 1 0 6 , 0 0 0 Administrative...
-
How much will net operating income increase ( decrease ) per month if the monthly advertising budget increases by $ 5 , 0 0 0 , the monthly sales volume increases by 1 0 0 units, and the total...
-
Braverman Company has two manufacturing departments Finishing and Fabrication. The predetermined overhead rates in Finishing and Fabrication are $ 2 0 . 0 0 per direct labor - hour and 1 2 0 % of...
-
How might the following influences affect a firms financial risk (consider each separately)? a. Interest rates on the firms short-term bank loans are reduced b. The firm refinances a mortgage on one...
-
Write a function that reads a Float24_t value: Float24_t float24_read(void) A legitimate float24 value string is of the form: "mantissabexponent" where the mantissa (m) and the exponent (e) may have...
-
Distinguish between strategy decisions and operational decisions, illustrating for a local retailer.
-
In your own words, explain what customer equity means and why it is important.
-
Distinguish between a strategy, a marketing plan, and a marketing program, illustra t ing for a local retailer.
-
You go to the hardware store to buy a new 50 ft garden hose. You find you can choose between hoses of inch and inch inner diameter. Compare the rate at which water flows through the two types of...
-
Miller Company's contribution format income statement for the most recent month is shown below: Sales (32,000 units) Variable expenses Total $ 224,000 128,000 Contribution margin 96,000 Per Unit $...
-
The total factory overhead for Big Light Company is budgeted for the year at $1,205,820. Big Light manufactures two different products: night lights and desk lamps. Night lights are budgeted for...
Study smarter with the SolutionInn App